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. the tax on medical devices tomorrow morning, is going up. forget fiscal cliff. taxes are going up almost across the board. give me a quick comment on that. >> well, you know what? this has got to be the first time ever that it's december 31st and i have no idea what i'm going to be making tomorrow in terms of take home pay. you know, if you're a businessman, how do you decide what you're going to do with your business this year, you don't know how much you're going to be paying in taxes. if you're a consumer, how do you decide what you're spending your money on in the upcoming year. the level of uncertainty, i think, is unprecedented, and the fact that it's gone on this long is-- i mean, it's insane, it's really crazy. outrageous, that's what it is. kelly jane, just stay there for a second, please, i've got to do more business, but i'm going to bring you back. >> great. stuart: say it isn't so. piers morgan threatens to leave the united states over gun control and i have offered to pay for his ticket. economy class of course, and i will even throw in a stopover in tax happy france. here
it clean. tweet us at squawk street. we've got your responses throughout the morning. fiscal cliff definitely has to go. >> i can't wait for hash tag to go away. >> we'll start hearing about the debt ceiling in two months. >> a ban on 2013's list. >> have a great new year. >> you as well. i have no special plans. i have a 3-month-old daughter -- >> that's very special. >> i'm prohibited from going anywhere. we have dinner reservations about 4:30 p.m., though. >> early birds. >> happy new year. >> same to you. >> presidents of americans for tax reforms, grover norquist ond how his tax pledge has played a role in the cliff negotiations. we're back after a quick break. my eye on her... t but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> we are hours away from the fiscal cliff itself. when a series of automatic tax hikes and spending cuts will take place in this co
in other publications this morning. we want to hear from business owners on the fiscal cliff and if it is affecting your plans for 2013. you can see the numbers on the screen. business owners only. small or large businesses. from the hill newspaper -- that's from the hill newspaper this morning. finally, from "politico" -- our first call this morning, from business owners only, about your views on the fiscal cliff, comes from jim in hot springs national park, arkansas. what kind of business do you own? caller: the last one i had, i was in the construction business. and when i sold my last house i decided to move too hot springs, the first resort in america. host: you are a retired business owner? caller: right. host: if you were still running your business, how would you be looking at the fiscal cliff? caller: i've got some ideas i would like to say. the first thing we would do is eliminate all the people that do the free housing and food stamps and by about all those office expenses and just go with an earned income credits that would not exceed 15 cows and dollars per year.
at citi.com/pricerewind. good >>> good morning, the fiscal cliff countdown clock is ticking. president obama and lawmaker will return to washington in hopes of inking a last-minute deal.
will be burning the midnight oil as the clock ticks down to 2013. there will be a lot more on the fiscal cliff coming up this morning on abc's "this week." charles summer of new york and republican senator john kyle of arizona debate the last-minute efforts. that's coming up at 8:00 this morning on" this week "with george stephanopoulos on abc7. >>> coming up, an attempt to rescue a man that fell into icy water goes horribly wrong as several more people fall in trying to save him. we will tell you what happened next. >>> and the last-minute push is on to prepare for the new year's day tournament of roses parade. find good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. >> an internet scam is thriving this holiday season. what looks like e-mails from friends needing money is far
rolling on averting the fiscal cliff. in a letter to star birks employees made public this morning, chief executive howard s \cc chultz next employees that is approximately 120 d.c. area stores to write come together on coffee cups on serving customers tomorrow and friday. starbucks plans to buy as in washington post and the new york times later in the week as part of its come together campaign. >> rumors that a second generation ipad mini with eight right now display is set to lions ahead of apple's typical annual schedule that share have been swirling. now it appears that apple's full- size ipad may be sticking to its new semi and release schedule. new reports suggest that apple's plans to launch a new standard, lauder 9.7 in. ipad as soon as march 2013. the fourth ipad model was just released last month along side the ipad mini, but march was also suggested in recent red ipad mini remorse. >> we will be right back. heavy snowfall in the sierra is causing dangerous conditions for skiers. in the past three days, two people have died and two others have been injured after being called in
this morning's "washington journal." host: our topic is the fiscal cliff. of we have done for last several sundays, we welcome the policy director for the concord coalition and a columnist for roll call newspaper. thank you for coming back. stan, as we stand on the edge of the fiscal cliff, is there any chance we do not go over? guest: we are relying on a senate that has been dysfunctional and avoided a filibuster when it will be really easy for one or more senators who do not like tax increases to just filibuster round and we are relying on a house that could not take the lead. it's important to state that while the official deadline is the 31st, the true this congress can continue to worked until the new congress comes in january 3rd. we have more like three days. host: joshua gordon, are we going over the cliff? what will it mean if we do? guest: in some sense, we will even if they reach a deal. this is something when you look at the contours' of the deal that have been talking about, there will still be a lot left for future decision making. even if they are able to extend taxes for th
, there's only one main story this morning. it's a familiar one. the looming fiscal cliff. aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have been told they could be called back within 48 hours' notice. meantime, and this i guess is also the big news, the white house saying the president's going to be flying back from vacation in hawaii today. a lot of people making something of that. i don't know what it means ultimately. >> well, one thing it means -- >> a show of something. >> if i had to get back from hawaii at a minute's notice, you know what it would be. the president will have an easier time of it, i think. right? >> i noticed a couple of news reports saying the cost of the last-minute flight is about $250 -- >> he's the president, he's allowed. he's n
the fiscal cliff. the dow lost 158 points, it is currently a five day losing streak in its longest since july. the nasdaq reported 25 points. >> banks rack up a record to $10.7 billion in fines in 2012. that includes what the banks paid to u.s. and state of 40's-but it does not include the billions more paid to european regulators. most of the fines were related to improper mortgage practices. >> making interstate phone calls could soon get cheaper. for prison inmates. prison call systems are different than normal pay phones. a typical 50 minute conversation current cost an average of $16. that is largely due to fees that call providers are allowed to charge prisoners in some states. here in new york, where fees are banned, rates can go as low as 5¢ a minute. but in places like colorado, inmates did charge almost 90¢ a minute. the sec is planning to open the public comment about reducing rates nationwide. >> the u.s. population is said to hit 350 million by the new year's day. it has an increase of less than 1 percent since april 2010, which was the last time the population snapshot was tak
revolving around a fiscal cliff from this morning's "washington journal." host: we are welcoming joshua gordon and stan colander. thank you for coming back. as we stand on the edge of the fiscal cliff right now, any chance that we do not go over? guest: that is pretty small. we are relying on the senate to avoid this -- to avoid a filibuster. then we are relying on the house who for the last several weeks could not take the lead. it is important to state that while the official deadline is december 31. they can continue to work until the new congress on january 3. we have more like three days for them to get something together. host: are we going over the cliff? what does it mean if we do? guest: in some sense, we're going over the cliff even if they reach a deal. when you look at the deal they have been talking about, there will still be a lot left for future decision making. even if they are able to extend tax cuts for the middle class and do not do much of anything else, you still have the haphazard dealmaking not touching any of the issues the parties said they were concerned about
at 2:00 p.m. eastern. no legislative work is expected. we have an update on fiscal cliff negotiations this morning on "washington journal." guest: this is a recession between christmas and new year's. i do not know. maybe they should finish their work. you will see some push in the next few days to get a small deal done. viewers are fan of the process. anything that gets done needs to be done quickly before new year's to be signed into law. today is the 27. and so you have a few days left for lawmakers to make a deal. the president's should land at some point. there is a 5 hour time difference. they have to figure out something. it seems likely will go over the cliff. it has been looking like that before the holiday, but certainly now, particularly if you remember for congress broke for the christmas break, speaker raynor was not able to get the backup plan through his caucus, so there was no pressure on democrats to try to counter that immediately. senate democrats saying we passed a bill that raises tax rates on incomes over $250,000, we ran on this and this is what we are offering.
with a package today to avoid tomorrow night's fiscal cliff deadline. >> the leadership has again in good faith. just we're apart on some pretty big issues. >> i'm willing to get this done. but i need a dance partner. >> ama: the democratic controlled senate must reach an agreement before the republican controlled house can reach any deal. tomorrow night automatic spending cuts go into effect and everyone's tax bill will increase. >> our top priority has to be to make sure that tacks on middle class family does not go up. that would hurt our economy badly. >> one of the major sticking points appear to be where income tax increases should kick in. they waivered from $250,000 to as high as $1 million. >> tried to give police the slip and then disappeared. the family launches their own effort to find him. >> a bay area county is hosting a gun buyback program with a twist, and areles asking people to turn in an item that might be in your living room right now. >> thrill be rain for the last day of the gleer we'll look at the seven-day forecast coming up. >> later, the scoop about a possible new pro
, in 90 seconds with the fiscal cliff coming, is a carbon tax also on the way? you thought it was gone, not so. that's next. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >> well, we've already talked a lot the about it this morning. president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue out there. a l
with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to tr
gate bridge. a cold morning but we have nice weather on tap. also the latest on the fiscal cliff with michael yaqui. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is self-imposed, it started two years ago. this is what they came up with. >> they have had a lot of time to look at this and a lot of people are thinking about the marche's curiosity. we want to send congress to mars right now with what's going on. my bet is we will not get a deal tonight, probably tomorrow. it expires that is okay. right now they are haggling over whether is going to be $450,000 tickets taxes or not. the democrats still want the employment extension and everyone wants the dock fixed which is the medicare reimbursement issue. they w
later on this morning. >> as washington lawmakers continue efforts to solve the fiscal cliff, what's at stake for muni bonds. the bling's the thing. $14 million worth. a look inside the ultra-exclusive tiffany salon straight ahead. >>> about an hour into trading here. some of the stories we're squawking about here. shortened day of trading today. the stock market will close at 1:00 p.m. eastern. gold will close at 12:30. facebook is accused of dodging taxes in the uk. the london "times" said they tried to hide taxes. a tablet for under $100, the journal said acer selling a $99 tablet next year. similar to the amazon kindle fire and barnes & noble nook color. >> by now, we all should certainly know about the fiscal cliff, shouldn't we. but there's another so-called cliff that's getting people's attention. brian shactman has more. >> some calling it the container cliff. negotiations broke down late last week. that could be bad news from massachusetts to texas. if there's no deal, several thousand dock workers could walk off the job at 15 ports at 12:01 a.m. on december 30th. this inc
this morning with comments on the situation, and we will hear what he had to say about the fiscal cliff now. : new year's eve is fast approaching and for decades and decades the american people have watched the ball drop in times square. it's the countdown to midnight, the start of a new year. but this year, mr. president, the american people are waiting for the ball to drop but it's not going to be a good drop. because americans' taxes are approaching the wrong direction. come the first of this year, americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak with four days left after today before the first of the year aren't here with the speaker having told them they'll give them 48 hours' notice. i can't imagine their consciences. they're out wherever they are, around the country, and we're here trying to get something done. they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to
into the swipe of things. plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market eve
's this morning's key question. how will a failure in the fiscal cliff negotiations hit you at home? with you now is jean. let me give you my three economic indicators. >> okay. >> guinness, harp and bass don't count. >> i said three. those are four and five. the top three are, one, if you can find a space, parking space in a shopping mall. >> easy to do these days. >> two, grocery store lines. check out what kind of food people are buy. if they're buying high-end items in the grocery line. and three, lottery tickets and people ahead of you are buying lottery tickets, if they're buying a lot of $2 tickets it means we're in a funk. >> we're in a funk. the folks at bank rate did a survey and about a third say they're spending less because of the cliff. it's the same reason that we saw the fall in consumer confidence numbers so significantly yesterday. >> can you make a counterargument that not spending a whole lot money right now because of a lack of confidence or trepidation about what might happen in washington and saving that money, that might be a good thing? saving is not a bad thing. >> save
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. >> tomorrow morning's "washington journal," we ask business owners to come in and talk about the fiscal cliff and their plans for the next year. we will continue with the forecast for the coming housing market with a chief economist with the national association of realtors. followed by more discussion of the fiscal cliff negotiations as congress returns to washington. joined by forbes media chairman steve forbes. later, a discussion on background checks, how they work, and when they are required. our guest is matt bennett. "washington journal," live at 7:00 a.m. eastern on c-span. >> they really started to get worried in the summer and fall of 1774. the british admirals' and generals and diplomats were reporting to the crown that the colonists were sending ships everywhere to give ammunition and muskets and cannon. this was after the british had sent more troops to boston, after the boston tea party and the so-called coercive acts. it is clear the colonists were pulling together ammunition and cannon. maybe they did not intend to use it. that was a big debate. the king -- in 1774 he basicall
the lowest level in four months and what we are seeing is the fiscal cliff worries could be to blame for the sudden drop. we are not seeing people jump into the markets here. they're moving to the safe haven. the fear index, the upside, volatility, this morning started to the upside, the idea that we will hear from lawmakers, the time got pushed back, we thought it would be around lunchtime or 3:00 and the truth is we have gotten together and working on it but no real findings, no solution and as a result we have this marked under pressure. tracy: we have plenty of time. i always thought you were debbie downer. the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to
are traded up a bit. and president obama is cutting his vacation short to continue talks on the fiscal cliff. joining us now is dan henninger from the wawr wall street journ. does he want to go over the fiscal cliff? some are saying he needs more than he would just get from the rich guys. >> i doubt that he wants to go over the cliff. and i must say, president obama has repeatedly referred to himself as the unique politician, he's different than everyone. there is no politician i know would want to get into a situation like this. and barack obama marchs to his own drummer and it's possible, but i kind of doubt it. >> you wrote a piece in the wall street journal, called "no guardrails", you said the old society kept the politicians in order in washington, self-order and self-restraint. all of those disappeared as a result of the "me" generation and you say that obama is the epitome of a the "me" generation president that he sees things from his perspective and won't bend. >> the original metafor, you do have guardrails on a highway, people drive 75 miles per hour and occasionally someone gets
Search Results 0 to 22 of about 23